Ukraine industrial output increases 2% y/y in March

Ukraine's industrial output rose 2.1% year-on-year in March, after a 1.8% y/y fall in February, due to restored growth in manufacturing and continuing growth in mining, the nation's state statistics service Ukrstat reported on April 23.

By bne IntelliNewsApril 25, 2019

Ukraine's industrial output rose 2.1% year-on-year in March, after a 1.8% y/y fall in February, due to restored growth in manufacturing and continuing growth in mining, the nation's state statistics service Ukrstat reported on April 23.

Evgeniya Akhtyrko at Kyiv-based brokerage Concorde Capital believes that the March increase of industrial production came as a positive surprise.

"We will need to see the results of some more months in order to confirm the sustainability of positive trends in food and metallurgical production. Without intensification in these sectors, our forecast of industrial growth of 2% y/y in 2019 will not be attainable." she wrote n a note on April 24.

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